Matthias Wargers

Despite being embargoed from writing any new real estate financing business, the Mainz-based Westdeutsche Immobilienbank AG (WestImmo) posted profits for the first half-year double those of last year. The good figures will do no harm in helping...more

Interest in buying Westimmo, the Mainz-based property-lending subsidiary of WestLB, is running at a higher level than originally anticipated, with about a dozen financial investors and banks currently granted access to the bank’s data room. That’s...more

EAA Erste Abwicklungsgesellschaft, the Düsseldorf-based ‘bad bank’ established by the government to wind down the assets of WestLB, including its real estate lending subsidiary WestImmo, set a new May 30th deadline for investor expressions of...more

Westdeutsche Immobilienbank (WestImmo), not so long ago one of the foremost German property financiers but - since the break-up of parent company WestLB in 2012 – now 100% part of WestLB’s bad bank Ersten Abwicklungsanstalt AÖR (EAA), looks like...more